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FOX News
Jan 26, 2013 11:00am PST
, pro golfer, says that high taxes may drive him out of california. we've got discussisuggestions w should consider if he moves. and hillary clinton, her legacy as she prepares to leave washington at least for now. now. >> we will respond to the threat of climate change, knowing the failure to do so would betray our children and future generations. >> paul: welcome to the journal editorial report, i'm paul gigot. that was president obama in his inaugural address monday, promising to make global warming a top priority in a second term, it's an issue that is sure to bring some fierce policy showdowns, the first of which may come under the keystone xl pipeline since 2008. and a revised route through nebraska this week, the final hurdle to the project at the state level and 53 senators, including 9 democrats sent a letter to the white house on wednesday urging president obama to expedite its approval. and joining the panel this week, wall street journal assistant page editor, james freeman and senior economics writer steve moore and washington columnist kim strassel. kim, where did tha
FOX News
Jan 27, 2013 12:00pm PST
in his second term. why that may end up costing you big. plus, pro-golfer phil mickelson says high taxes may drive him out of california. we've got some suggestions on what states he should consider if he moves. and hillary clinton's swan song. look at her performance this week on capitol hill and her legacy as she prepares to leave washington, at least for now. >> we will respond to the threat of climate change. knowing that the failure to do would betray our children and future generations. [cheers and applause] >> welcome to the journal. editorial report. i'm paul gigo. that was president obamahi prom messing promising to make global warming. first may come over the keystone excel oil pipeline which has been under review since 2008. governor proposed a revised route for the pipeline through nebraska this week. the final hurdle to the project at the state level. and 53 senators, including nine democrats sent a letter to the white house on wednesday s urging president obama to expedite its approval. joining the panel this week "wall street journal" assistantan editorial page editor jam
Jan 27, 2013 7:00am EST
cuomo from erik. james says in connecticut there are two major problems, the deficit and more taxes. both problems are created by one party rule. what are the big issues in your state? join that conversation on facebook by looking for c-span. let us take a look at the balance of power in state. we can see here who controls the governors' seats. 30 republicans states in red, 19 democratic, and one independent in rhode island. but as your what ray has to say on our democrats line. caller: good morning. i wanted to say that i believe here in the state of texas -- our standard of living is what keeps is going. nobody can live on $7.25 hour. our standard of living is so below the economy it should be at $12 per hour. everything is so expensive right now. it should be, at the very least, $12 per hour. host: you are calling to raise the minimum wage? caller: yes, ma'am. if everybody makes at least $12 an hour, this country would boom so fast. here in the state of texas -- i think it is everywhere. the corruption of the governor and the mayor. big corporate donors, big business owners. they
Jan 28, 2013 6:00pm PST
by the sales tax. it doesn't care if you're a janitor with four kids or a cardiologist with lots of dollars. the greater percentage of income you pay, if you don't make that much money, that sales tax on the egg might be 1% of a day's pay for you. it could probably be more like a thousandth of a percent of the cardiologist's paycheck for the day. a sales tax is therefore among the least populist way of raising money for government, proportionally speaking. it takes the most from people with the least money, and the least from everybody who has more money. because of that backwards impact, because it's harder on the poor and easier on the rich, you might think a tax like that would be among the most unpopular tax ideas. but in bright red states, states where republicans have complete control of the government, that tax all of the sudden is really popular. this month in louisiana, republican governor bobby jindal rolled out his agenda for this year. get rid of the income tax and corporate taxes where how much you pay depends on how much you make. but do not worry about the billions in lost ta
FOX Business
Jan 24, 2013 9:20am EST
the exporters going down and then the wild card here is what is the government going to do with taxes, how does that affect business and consumer spending. so we're on that road, but the road is-- it needs a lot of pavement, stuart. hopefully our government will do the right thing by us. >> hopefully. >> stay there for a second, carol, i want your opinion on another news item. and we broke the story yesterday, union membership, it's way down. i've got some numbers for you, in all, 400,000 workers, less left the labor movement, gone, 400,000, the state of wisconsin lost 46,000, 13%. indiana, where a law passed last year that doesn't require workers to pay a union fee, still allows them to benefit from collective bargaining, that lost more than 56,000 union members in that state. down 18%. most of the municipal workers, by the way. and these are the lowest union levels since 1916, i believe. carol, it occurs to me that unions have a lot of political power at the moment, but they're sharply declining membership. >> they do. and you know, it's funny, i am he' the daughter of a union electrician so
Jan 27, 2013 12:00pm PST
. for the president's proposal the path would include the requirement that those illegal immigrants pay back taxes and fines. that is one topict that this morning we heard mixed support on. mccain ameng those saying he believes will take place. so did senator menendez and senator dick durbin today. >> peter alexander thank you so much from the white house. we will come back to you later in the show. >>> the other big battles between president obama and republicans are mostly budget focused. on march 1 one month from this friday sequester cuts kick in. it is $1.2 trillion. those are cuts to military and discretionary spending. paul ryan says don't expect a last minute deal or any deal at all. >> i think the sequester is going to happen because that $1.2 trillion in spending cuts we can't lose those. >> joining me now lynn sweet and david who covers the white house for the washington post. good sunday to both of you. let's start with the claim from paul ryan. $1.2 trillion in cuts said to take effect march 1. paul ryan indicating this time there will be no 11th hour deal. >> it is just a bargain pos
Jan 26, 2013 10:00am EST
with incentives to take risks and bring ideas from dream to reality. tax credit to help early-stage companies to develop andit's worked in other states, and it's something we can do this session. i will work with the legislature to make it more desirable for small and medium size businesses to hire more people in washington. we must also do a better job commercializing the technologies connecting the dots from the classroom to the laboratory to the marketplace. and no economic strategy would be complete without a transportation plan that facilitates this growth. this session i expect to work with stakeholders that have already committed to a bipartisan plan to build an infrastructure for the next generation. in the next ten years, our population will grow by approximately three quarters of a million people, but we will not be adding one more square inch of dirt. to honestly address our recognize that creativity is just as important as concrete. i want us to turn our innovative spirit towards crafting a transportation package that includes roads, trains, light rail, buses, bike routes and othe
Jan 29, 2013 4:00pm PST
, then that voting bloc isn't going to listen to you on education, on taxes, on any of this stuff. that's what's going on. >> so that's the issue. >> what do democrats get out of it? why are they pushing it? >> hispanics have been demanding something on this, and at some point -- >> but do they want the teeth, the tough requirements of worker verification? do they want the tough part of the bill? >> i think -- yes, because if you actually go to places like arizona and new mexico, and i have seen surveys of hispanic-americans, hispanic-american citizens who say second, third, fourth generation, saying i did it legally. these folks should have to do it legally. i think that there is a -- >> i just don't hear that from the latino groups. >> no, they -- >> i don't hear the interest groups pushing for real teeth. let's take a look at the president today. >> the interest groups aren't. i'm talking about rank and file hispanic-americans. >> that's positive. let's look at what he had to say. he came out for what he calls comprehensive immigration reform. it was at a speech in las vegas. he said the bi
FOX News
Jan 29, 2013 1:00pm PST
may boost taxes, but taxpayers could be slapped with an even bigger bill. we will hear from the other side of this tomorrow. but to the center for immigration studies, now, steve, tell us, it is going to cost a lot of money to alout -- by the way, can i take a step back, are we agreeing it's 11 million? i have heard as high as 20 million. but 11 million is the number. how much is this going to tax. >> i do think it's 11 million. i am a demongraphy and i do focus on this. they are not lazy and came to get welfare. we think a major came as adults and hadn't graduated the equivalent of high school in their own country. 25 to 30% had only a high school education. so with legalization, they're still going to make wages commensurate with modest levels of education, which means they won't pay much in taxes and workers like that, especially when you look at legal immigrants, they tend to use a lot in social services, about half of all legal immigrants with a high school education, those households access the welfare system. >> tell us how they do that i. that's legal immigrants. >> so in othe
Jan 27, 2013 1:00am EST
, a trillion dollar tax hike took effect. the senate voted to prevent tax hikes and 90% of americans. and made the lower tax hikes permanent. president obama got less revenue than the speaker offered in the first place. in short, there is no way we were going to get a better deal for the american tax payer. we wanted to keep tax hikes low for everybody. we wanted to cut spending. otherwise every single taxpayer would have paid higher taxes and our economy would have gotten into a nosedive. the decision was simple. if you think a bill needs to pass, you vote for it. many of my colleagues voted the other way. i respect their decision. prudence demands mutual understanding, especially among friends. my colleagues and i saw the same thing. we wanted a smaller, smarter government. we simply differed on the means. that is the difficulty of governing. it should not be a cause for division. our tactics will differ from issue to issue, but our strategy remains the same. in the next four years, opportunity will not come easily. we have to pay our bills and make sure we can pay our bills tomorrow. to do
Jan 26, 2013 10:00am PST
, april 15th. not just tax filing day but the date by which congress has promised to adopt a budget resolution. they even this time stake their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carrot to make them actually present a budget that takes on our a bah looning deficit. but that battle may make the recent battle over tax hikes for the rich seem like a friendly game of badminton. big spending cuts are needed and they will hit americans where it hurts -- in their entitlements. i'm talking about health care, medicare, social security. president obama emboldened by his re-election has already drawn his so-called line in the sand. now republicans have to come to the proverbial table. perhaps the most powerful republican in washington, eric cantor, says he and his fellow republicans will have a plan and they are ready to deal. >> i think it's important that we be here as members of the u.s. congress. there are six of us who are here. really interested in the discussion about the global economy. obvio
Jan 27, 2013 6:30pm EST
should simpfie our tax code not for the benefit of washington, d.c. but to get washington, d.c. out of the way. let's get rid of the loopholes paid for by lob yist. it shouldn't be complicated for a taxpayer to fill out his taxes or to live his life in fear of the tax consequences for his or her choices. let the democrats extol the virtues of our an indicated one size fits all factory schools where the child follow it is dollars. meanwhile let us republicans feature the successed of child sentered education solutions, education solutions where the dollars follow the child. [applause] these are but a few examples of the way we must fight the battle or how we must win the argument. one thing we've got to get straight right now washington has spent a generation trying to bribe our citizens and extort our states. as republicans it's time to quit arguing around the edges of this corrupt system. that brings me to my third point which i want to shift gears and speak to changes i believe we must make if we are to win elections. as i ipped kated before i do not believe we need to abandon or
Jan 27, 2013 3:00pm PST
interviewed by the press. >>> wednesday, tax season officially begins, ugh. the irs begins processing individual income tax returns, 1040 forms. other forms can be filed in late february or early march. new tax laws force the irs to update their systems and delay filing season this year. >>> on thursday senate confirmation hearings begin for defense secretary chuck hagel. he has secured support from several key senators but he's expected to face tough questioning from some republican opponents. and friday is expected to be hillary clinton's last day as secretary of state. the exact timing of her departure depends on hearings for john kerry who president obama tapped to replace her. that will do it for me. cnn newsroom continues right now with don lemon. have a great week. >>> hello, everyone. top of the hour. i'm don lemon. thank you so much for joining us. survivors of a nightclub fire in brazil are describing a nightmare scene. bodies all over the ground. firefighters trying to smash down the walls. terrified people being trampled. so many people dead. this nightclub was way overcro
Jan 26, 2013 7:00pm EST
and taxes even more, whether it is cap and trade, regulating our economy and raising the costs for every american, they are feeling emboldened right now. and if conservatives stand together, we can stop that, and stopping bad things that would harm this country, that would harm americans, is a major victory for the next two years. [applause] but the third thing we can do in the short term is we can use leverage points to plaque real progress on the fiscal and economic crisis threatening this country. the fundamental dynamic when you have divided government is that whichever side owns the default is in the stronger position. either party can stop anything. so whoever wins if nothing gets done, wins the negotiation, wins the battle. it's why on fiscal cliff we got such a lousy deal. because if nothing happened, the result was a massive tax increase on er american who pays taxes, and i think president obama was perfectly fine, he was serene to go off that cliff. why? because his substantive agenda, which he doesn't hide from, is to dramatically expand the size and power of government, and t
Jan 25, 2013 6:00am EST
government workers were given of taxpayer money to your taxes to allow green energy company to great prosperity. that path is a disaster. balancing the government books is not what matters most. government is not the and all and be all. the health of america is not about government at all. balancing the books as a nice goal but that is not our primary objective. our objective is to grow the private sector. need to focus our efforts and ideas to grow the american economy, not the government economy. i will talk about a couple of other points but if you take nothing else away from what i say, understand this -- we must not become the party of austerity. we must not be the party of austerity. we must be the party of growth. we know the government is out of control and the public knows that, too, yet we just lost an election. we cannot afford to fight on our terms. the republican party must become the party of growth, the party for a prosperous future based on economic growth, an opportunity based on every community in this great nation and not based in washington, d.c. we have fall into
Jan 31, 2013 12:00pm EST
reform the entitlement programs, put tax reform in place, go through regular order in the finance committee as the chairman and others called for, to ensure we can get this under control. it's a commonsense proposal. we did it two years ago. most democrats and most republicans here on the floor supported it in the past. democrats in the house have also supported it, about 95 of them. it's a dollar-for-dollar reduction over ten years as we raise the debt limit. for folks who are wondering today -- the presiding officer: the senator's time has expired. mr. portman: thank you, madam chair. a senator: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, january 23, i think it was a wednesday, something marvelous happened. what was that? the house, on a strong bipartisan basis, passed a bill which would raise the debt limit, extend the debt limit to may 18. bipartisan. speaker boehner is to be commended. this town is criticized for its lack of working together, it's too partisan. speaker boehner found a solution to help us relieve the pressure
Jan 30, 2013 5:00pm PST
the debt, they would have been eager to let all the bush tax cuts expire. the cbo has shown that if we did that, debt as a share of the economy would fall to half in the next ten years. and if we were to leave the bush cuts in place, it would double. so, no, they're not serious about cutting deficits. they're serious about continuing to pose as the party of tax cuts for the rich. >> and i want to point out that just about an hour after we got the report on the gdp, senate minority leader mitch mcconnell gave this warning about government spending. here it is. >> this, my colleagues, is the europeanization of america. this is the pathway to greece. >> really? your thoughts on that. >> well, there is one way that we are on a pathway to greece. in greece they do not have an effective tax system, and people cheat left and right. we are starving the irs. i've been talking to people inside the irs whose units have been cut 30, 40, 50% in personnel, and they're not auditing, and they're not going after the tough cases that will mean the less money for the government and the less money for all gov
Jan 28, 2013 12:00pm EST
the taxes that support government expenditures. they paid premiums through their employers for health coverage. they forgo wage increases that could be much higher if health costs were not growing as fast. they believe are the beneficiaries of the whole two trillion dollars in the end. we are not talking about the blood in the streets. people fighting over dwindling -- over a dwindling pie. i would posit that only in health care what the growth from two 0.9 trillion dollars in 2013 to 5.1 trillion dollars in 2023 would be referred to as a shrinking pie. there will be plenty of resources flowing into the health-care system, just not quite as much as would be flowing if nothing was done. we are talking now to give you some sense of the magnitude of this. we are talking about the .rojected health policy twee if you say two trillion dollars in that growth, you would be reducing health spending to only 40 trillion dollars over the next 10 years. you would be cutting the growth in health spending from an estimated 90% under current policy to only 75% over the next two -- over the next 10 ye
FOX News
Jan 27, 2013 3:00am PST
. >> and now tackled by taxes, and make $75,000, see if he gets to keep any of it. >> "fox & friends" begins right now. ♪ >> good morning, i hope you had a great weekend. >> clayton: yeah, ainsley earhart here, tucker carlson, ainsley fresh off the return to the gun range down there in texas. >> that was so fun. >> clayton: did you fire an a-47. >> no. >> were you nervous? >> i was down in katy, texas, offering free classes to teachers in the area. the class full of teachers and we interviewed why they were doing that and even though you're not allowed to take guns in flarms yet and hoping that does pass the state of texas. >> you looked great down there and we'll talk more about dianne feinstein's legislation, first to the headlines. >> straight to the headlines, an extreme weather alert. the midwest bracing for dangerous ice storms, sleet, snow and ice could leave behind a slippery mess in illinois and michigan as well as missouri. this as the country gets ready for a brief warm-up. rick is tracking it for us this morning. and it's a rollercoaster, hot and cold. >> it is and it's going
Jan 28, 2013 1:00pm PST
to undergo a background check and pay a fine and back taxes before gaining legal status in the united states. all that is contingent on securing borders. the proposal provides for increased use of drones, more personnel and improved infrastructure and it would create an employment verification system and improve the process for admitting needed workers. cnn chief congressional correspondent dana bash and cnn chief white house correspondent jessica yellin are working the story. dana, the tone was pretty optimistic up on capitol hill today. >> it sure was but, you know, we have seen this movie before, you and i, wolf, and a lot of other people watching this issue go kind of up and down with the partisan wins. but this is something that is different this time. because of something very simple. and that is what happened in the last election to republicans. particularly mitt romney with the latino voters. he lost big time. and that's why when i asked senator mccain and others who were standing right here where i'm standing, half a dozen years ago, why this is different, that's why they answered t
FOX News
Jan 29, 2013 3:00am PST
and pass a background check. you would be required to do that if you're illegal. pay a fine and back taxes. earn probationary legal status. learn english. continue to pay taxes. show work history and then get a green card and then apply for citizenship. effectively you would go to the back of the line. so this is a bipartisan effort. remember, some of these commissions have come together in the past, in the last four years, specifically about the debt and the president hasn't necessarily taken on the plan that they have come up with. so this will be really important to see if it actually works. >>brian: a really important provision, skills valued. we've got engineers out there, computer technology experts, people when they have skills -- for example, if they train at american universities, they would get a priority. this is what microsoft and you always heard apple saying. we need more engineers in this country. why are we training them and letting them go back home? let's give them u.s. status or a green card. marco rubio talks about a plan. >> before we can move towards a path for green
Jan 25, 2013 7:00pm EST
've raised taxes by $200 billion a year. the reason that u.s. stocks are up 5% after this horrible thing we've done to our selves that under norm circumstances would cause a recession is because we're in a global economy and every other major country in the world is doing the right thing while we're doing the wrong thing. that's propping us up. we're fine, we'll have a great year. these other countries doing things right, that aren't kicking the can down the road, they're going to have fabulous years. that's where you want to put your money, my friend. >> i was reporting in 2007 when we hit dow 14,000 and everyone got slammed on that. there's a hesitance at these levels. what's not getting talked about enough is the impact on consumer sentiment. if you go to any coffee shop, grocery store, anywhere in this country, people are looking at their 401(k), they feel better and i think that will translate into positive consumer spending, which filters into the whole economy. >> the retail investors is getting involved. the money flows are ramping up tremendously on the retail side. i would disagre
Jan 27, 2013 10:00am EST
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Jan 27, 2013 9:00am PST
line is historic tax rates, how much we raise in taxes and the blue is how many increases president obama is calling for. the red is where spending is going. spending is the problem, revenues are not the problem. if you keep chasing them they will hurt economic growth, shut down the economy and won't get the budget balanced. >> what i heard the president say was programs like social security and medicare and med aid critically important for our future and we need to have a bipartisan commitment to make them work. bob and i have been in a lot of meetings talking about deficit reduction. we need reform in the programs that mean they will live on to serve future generations. that's the message i took from the president. >> referring to bob corker to the left of the screen. the president has a full plate. not just the budget but the issue of guns, and this week he heads to las vegas for a speech about overhauling immigration. so the second term is already kicking off with plenty on his plate. >> all right. peter alexander, white house correspondent, thank you so much. >>> we want to tur
Jan 28, 2013 12:00pm EST
finance minister started an initiative on this that this year g8 will look at tax evasion and tax fraud. i think it's enormously important issue, and i think the regulation on the shadow banking system, um, also needs to play a very important role for the russia meeting for the g20. we have quite a lot of regulation for our banks, basel iii comes to mind here. here, actually, we have to be vigilant that the lending capacity that is to boost, after all, economic growth doesn't get too contained, too limited, and i can only hope and join our partners in the united states to introdiscuss deuce this -- introduce this as well, otherwise a new imbalance here. through better regulation of banks, the capital that they need to the capital reserves that they need to have, we also see moral hazard in the sense that people increasingly seem to fly into the shadows of shadow banking. we were at one in saying when we agreed this at the g20 and the thought that every financial instrument, um, every financial be product, every financial market needs to be placed in regulation. we are very far from that. i
Jan 30, 2013 9:00am EST
-paying jobs in these industries will be paying the taxes to some other country, will be simply an economy and some of the country. you want to know what america is special? one of the reasons why it special is because for over 200 years we have been a collection of the world's best and brightest to a magnet that attracts people here and now have an immigration system in the 21st century that is making a very difficult to achieve. that's what this effort is to the other concern i heard is what about folks that are in this country now? this is a legitimate concern when people raise it, i don't get upset about that. that is a very legitimate concern. about the kids are raised here and go into these intricate, will they be hurt if you have seen the need, they need far exceeds what we are producing. so that's not an immediate concern but here's the other. that is the startling figure that was used earlier. that for every 100, 100 foreign-born s.t.e.m. workers we're creating 260 some odd jobs. it's indisputable that these jobs create jobs for people right down the line in this process. if you'r
Jan 25, 2013 7:00am PST
tax hikes for roads. massachusetts is consideringdering raising the state's gasoline sales and income taxes or imposing a tax based on how far someone drives. virginia wants to end its gasoline tax and increase the sales tax instead. >>> and "the washington post" has details of a new strain of norovirus. it appeared in australia last march and is spreading in britain. here in the u.s. it's caused half of the 266 norovirus outbreaks since september. it's responsible for about >>> all right. starting out with a lot of clouds around the bay area, fog thick around san jose. reports of some scattered light showers outside today. visibilities down to a quarter mile in concord and napa so watch out for fog. hit and miss scattered showers. highs in the 50s and 60s. cold air on the weekend and maybe a few cold showers. warming up next week. weather report sponsored by new pantene. healthy makes it happen. deaths each year. >>> the search engine that is searching you. googles is handing over more information about its users to law enforcement than ever b
Jan 29, 2013 8:00pm PST
to places beyond it. siemens. answers. time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... officemax. life with crohn's disease is a daily game of "what ifs". what if my stomach pain and cramps come back? what if the plane gets delayed? what if i can't hide my symptoms? what if this takes too long? what if? but what if the most important question is the one you're not asking? what if the underlying cause of your crohn's symptoms is damaging inflammation? for help getting the answers you need visit and use the interactive discussion guide to speak with your gastroenterologist. >>> our second story "outfront," the big question for hillary clinton. okay, not that one about 2016. this one. >> which of these three names would you like to adopt. we spent three or four months on this. the incredible hillary. the artist formerly known as the secretary. or just hill clinton. but it does sound a bit like bill. >> yeah. i think we're going to have to work on that lis
Search Results 0 to 49 of about 145 (some duplicates have been removed)